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Property profile & analytics
OFF-MARKET
Parking lots & garages
7409 Clement Ave Cleveland, OH 44105-5038
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US66-5423385
Property profile
Verified
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Lot
0.13 ac (5,865 SF)
Zoning code
2F
APN
134-02-086
UPID
US66-5423385
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nick Mastrosavas · 18 yrs held
Nick Mastrosavas
since 2008
7 recorded transactions
Zoning & alternative use
2F · Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$445
Tax year 2023
Assessed value
$390
Assessed 2023
Previous assessed
$390
+0.0% YoY
Effective rate
114.10%
On assessed value
Assessed land
$210
Assessed improvement
$180
Land market value
$600
Improvement market value
$500
Total market value
$1,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Parking lots & garages
Use group
RESIDENTIAL PARKING GARAGE
Status
Off-Market
Heating
NONE
Lot
0.13 ac (5,865 SF)
Zoning code
2F
APN
134-02-086
UPID
US66-5423385
Jurisdiction
CUYAHOGA
Zoning & alternative use
2F · Cleveland, OH
Zoning 2F · permitted uses
2F · Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cleveland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
Nick Mastrosavas
Individual
Mailing address
14946 LENOX DR, STRONGSVILLE, OH 44136-8948
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2008
$3,000
Nick Mastrosavas
Us Bank NA Series 2006-3
Grant Deed
related
—
Jan 29, 2008
$32,000
Structured Asset Series 2006-3
Sheriff Of Cuyahoga County
Trustees Deed
related
—
Feb 9, 2006
$85,000
Lakiesha Williams
Lui,pak H
Warranty Deed
$76,500 · Bnc Mortgage INC
Aug 11, 2005
$35,000
Pak H Lui
Gsamp Trust 2002-he2 Mtg Pass Thr
Grant Deed
—
Jun 1, 2005
$30,000
Gsamp Trust 2002-he2 Mtg Pass-thr
Sheriff Of Cuyahoga County
Trustees Deed
related
—
Nov 5, 1998
$44,900
John H Smith
Pacholski,robert J
Grant Deed
$29,900 · Third Fed'l S&l Assn Cleveland
—
—
Nick Mastrosavas
—
Deed Of Trust
related
$34,000 · Rbs Citizens Bank NA
—
—
John H Smith
—
Deed Of Trust
related
$24,937 · Associates Financial Services
—
—
John H Smith
—
Deed Of Trust
related
$10,000 · Third Fed'l S&l Assn Cleveland
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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